Capitol Crude is live from CERAWeek by IHS Markit in Houston. On this special episode, we’re talking Permian output, which the International Energy Agency said Tuesday will fuel 40% of global oil supply growth over the next five years.

S&P Global Platts senior editor Brian Scheid is joined by Texas Railroad Commissioner Ryan Sitton who sees Permian production climbing as high as 7 million b/d within five years. Jeff Mower, Platts Americas oil news director, and Starr Spencer, Platts senior editor for oil news, talk about how the Permian became the top oil play in the world, whether the Permian is hurting growth in the Bakken and Eagle Ford, the impact of the OPEC supply cut agreement on US output and likely overseas destinations for Texas oil exports.